Embedded Files
While oil and gas lobbyists and their allies in Congress would love to convince you that clean energy can’t keep up, the truth is that studies have shown that clean energy can be an abundant and reliable source of cheap, stable energy. Developing a clean energy future can also help save consumers from the kinds of price shocks & political turmoil known to roil international oil & gas markets.
Renewable Energy Is Economically Stable & Reliable
Renewable Energy Is Economically Stable & Reliable
Renewables Offer A Path To Economic Stability:
The head of the International Energy Agency recently warned that extreme volatility in energy markets will present a continued risk unless investment in clean power is tripled in the next decade.
Renewable energy generation facilities can be constructed in a very quick time frame. Installing a solar power farm or a wind power farm can be completed in a few months, whereas constructing a new coal power plant could take upwards of 4 years.
Clean energy generation is more price stable than fossil fuels.
Renewable energy sources— the sun, wind, and geothermal energy— are inexhaustible. In fact, the US has enough access to solar and wind power to power the nation’s energy needs many times over.
The “known pricing” of renewables allows for long-term energy contracts that don’t present the same risk as fossil-fuels.
Diversifying energy portfolios hedges against the risk of future fossil fuel price fluctuations, and increases grid reliability.
Renewables Are Less Subject To Global Disruption:
Renewables are more geographically dispersed, and so less vulnerable to acts of terrorism.
It is hard to export clean energy to most countries, so the price of clean energy is not vulnerable to global market fluctuations.
Renewables Are Reliable:
Renewables can supply energy at the point of use, which can enhance resilience when the grid is stressed from severe weather events and can increase stability.
An analysis from the Congressional Research Service (CRS) found that electric reliability with renewables integrated was stable from 2013-2017, and that wind and solar did not contribute to any instability issues of the grid at the national level.
According to the American Council On Renewable Energy (ACORE), “the most pervasive forms of renewable energy generation, wind turbines and solar photovoltaic (PV) panels, have fundamental characteristics that make them uniquely capable of withstanding many of [the most common threats to the supply of electricity].”
A robust renewable energy economy will be more politically stable as supply will be diversified, geographically and technologically.
Renewables do not pose a risk of dangerous leaks or explosions that threaten human health and public safety.
Communities with distributed renewable energy retain power and recover faster from hurricanes.
In Florida, a 100% solar powered development did not lose power during Hurricane Ian.
In Puerto Rico, families with rooftop solar and batteries did not lose power when Hurricane Fiona hit because they could disconnect from the island’s unsound power grid.
The Clean Energy Economy Is Strong And Growing
The Clean Energy Economy Is Strong And Growing
Clean Energy Jobs
Clean Energy Jobs
The Inflation Reduction Act is expected to create 550,000 new jobs in the cleantech sector.
The projected job increase will more than double the workforce of the clean energy sector.
The majority of new jobs will come from domestic-content requirements for EVs and new solar and wind plants.
Residential solar to add 340,000 workers in five years.
95% of solar installation companies believe their businesses will grow because of the Inflation Reduction Law.
46% of solar companies that do not currently offer an EV charging plan expect to offer one in the future.
More than 3.2 million Americans were employed in renewable energy, energy efficiency, storage and grid modernization, and clean fuels at the end of 2021.
In 2021, clean energy and clean transportation jobs grew by more than 5%, with some 156,000 jobs added across all clean energy and clean vehicle subsectors.
From June 2020 to the end of 2021, jobs in every single sector increased by at least 11%, with employment in clean vehicles increasing by 55.8% – adding more than 100,000 jobs in those 18 months.
From June 2020 through the end of 2021, jobs in renewable energy, grid and storage, and energy efficiency sectors grew 21.8%, 18.9%, and 11.2%, respectively.
Clean transportation jobs saw a 26% increase in 2021.
In 2021, the battery and energy storage sector added nearly 3,000 jobs, an increase of 4% from the previous year.
Jobs making our power grids more resilient and able to transmit more renewable energy grew by about 5%, with smart grid-related companies adding more than 1,100 jobs last year.
Energy efficiency jobs grew by nearly 58,000 in 2021, an increase of 3%, with jobs in renewable heating and cooling leading the sector.
In 2021, the solar industry added more than 17,200 jobs, a 5.4% increase, while wind energy added 3,350 new jobs, a 3% increase.
About 515,250 Americans worked in solar, wind, geothermal, and small hydroelectric projects at the end of 2021.
Clean energy and clean transportation now employ more than 40% of all energy workers in America, and more than 50% of new energy jobs in 2021 were in clean energy sectors.
The renewable energy industry has now regained 75% of the jobs lost due to the COVID-19 economic downturn – showing the resilience of the industry.
Across the entire U.S., clean energy employed 2.1% of all workers. The clean energy industry now employs 3.5 times more Americans than the fossil fuel industry nationwide.
While the clean energy industry saw job gains in 2021, the electric power generation and fossil fuel sectors hemorrhaged more than 35,000 jobs. This trend further underscors the ongoing transition to a clean economy.
From 2020 through 2021, employment in the coal, petroleum, and nuclear sectors fell by 12%, 6%, and 4%, respectively.
Small businesses continue to employ the majority of clean energy workers, with about 90% of all clean energy jobs held at companies that employed fewer than 100 workers and 64.4% at companies employing fewer than 20 people.
The clean energy industry supported 1.5 million construction jobs in 2021.
Fifteen states, including New Mexico, Texas, Kentucky, Tennessee and Florida, saw their clean energy jobs grow more than 6% in 2021.
Growth By Subsector
Growth By Subsector
Renewables, Overall
Renewables, Overall
Most planned new power generation in the U.S. is renewable energy.
46% of the interconnection queue is solar energy, according to a recent study from the Lawrence Berkeley National Laboratory.
In 2021, Texas was first in the nation in terms of renewable energy projects in the pipeline with 19,918 MW. California came in second with 13,663 MW in the pipeline, then New York with 7,831 MW, Indiana with 5,874 MW, and finally Virginia with 5,836 MW.
In the first quarter of 2022, installations of onshore wind, solar, and battery storage in the U.S. broke records with 6.62 GW of capacity installed, enough to power 1.4 million American homes.
The installations represent $9.3 billion in capital investments.
Driven by growth in battery storage capacity, clean power installations overall were up 11.5% compared to Q1 of 2021.
Texas leads the nation in total operating clean power capacity, with almost double the online capacity of any other state. California has the second most operating clean power at 24,293 MW, followed by Iowa (12,382 MW), and Oklahoma (12,047 MW).
As of the end of the first quarter 40,522 MW of wind, solar, and battery storage projects were under construction across 43 states.
At the end of Q1 2022, five states (Texas, California, New York, Virginia, and Indiana) had more than 5,000 MW of clean power projects in the pipeline, and an additional 25 states had more than 1,000 MW.
Wind
Wind
The IRA will reduce the wind levelized cost of electricity by 38-49% lower in 2030 than business as usual scenarios.
According to projections released by the Bureau of Labor Statistics, wind turbine service technician is expected to be the second fastest-growing occupation from 2020 to 2030. The profession is projected to grow by 68%.
The nation’s wind power industry has grown significantly in the last decade. From 2010 through 2020, the U.S. more than tripled its wind power generation capacity.
In 2020, wind was the largest renewable energy source in the U.S. Despite the COVID-19 pandemic, the industry broke installation records and added jobs in 2020.
More wind power was installed at the end of 2020 than any other year except 2012, with a record 17.1GW constructed.
At the end of 2020, there were 122,468 MW of operating wind power capacity in the U.S., with over 60,000 turbines operating across 41 states and two territories.
According to U.S. Department of Energy data: “More wind energy was installed in 2020 than any other energy source, accounting for 42% of new U.S. capacity.”
At the start of 2020, the wind energy sector employed almost 115,000 Americans. At the end of 2020, the wind energy sector employed 116,817 Americans, representing some 2,000 more jobs.
Developers commissioned 16,913 MW in 2020, representing an 85% increase over 2019.
In 2020, the U.S. offshore wind energy pipeline increased by 24% for a generating capacity of 35 GW.
By the end of 2020, wind provided more than 10% of electricity in 16 states, and over 30% in Iowa, Kansas, Oklahoma, South Dakota, and North Dakota.
The first three quarters of 2020 broke records for installation of new wind power. During this period, the U.S. added 6,309 MW of new wind power, a jump of 72% over the same period in 2019.
The first quarter of 2020 saw an increase of new wind installations 117% over Q1 in 2019, with 1,821 MW of new wind projects installed. The second and third quarters each set records for installed capacity as well.
There were 2,859 MW of new wind power purchase agreements signed in the first quarter of 2020, the highest volume recorded in a single quarter.
In 2020, the wind industry set a construction record with 25,318 MW being built by the end of June.
71% of small turbines sold in the U.S. in 2020 were manufactured domestically.
In 2021, the U.S. added 20% less wind power compared to 2020 levels, installing 12.GW of new wind capacity compared to the record 16 GW in 2020.
The drop off was primarily due to supply chain issues, which forced some 11.4 GW of wind, solar and battery storage projects to be delayed in 2021.
Alongside supply chain issues, other barriers to wind installations in 2021 include logistical challenges and international trade restrictions.
In 2021, 27,723 MW came online, the second highest year for clean power installations after 2020. Newly installed capacity in 2021 is made up of 606 projects spread across 43 states and D.C.
Despite wind installations being down compared to 2020’s record, 2021 was the third most active year for wind installation, behind 2020 and 2012.
The growth of wind power shows no signs of slowing into 2022 and beyond:
In the first quarter of 2022, nearly 3 GW of onshore wind capacity was added to the grid.
The wind power market is expected to grow at a rate of around 7.9% from 2020 through 2025.
Wind energy costs are expected to drop by 37% to 49% by 2050.
Globally, onshore wind additions through 2026 are set to be almost 25% higher on average than in the 2015-2020 period.
The U.S. has a wind project pipeline of 60.7 GW through 2026, around one-third of which is in advanced development or under construction.
At the end of 2021, the near-term development pipeline consisted of 1,080 project phases with a total capacity of 120,171 MW.
This includes 37,802 MW under construction and 82,369 MW in advanced development. The development pipeline was 47% (nearly 38,500 MW) larger than at the end of 2020.
In the fourth quarter of 2021, 6,988 MW of projects began construction, and 14,803 MW entered advanced development status.
Wyoming leads the U.S. with the most upcoming wind projects, followed by Texas.
Solar
Solar
Solar market is projected to triple in size over the next five years due to tax credits from the Inflation Reduction Act.
New report from Solar Energy Industries Association and Wood Mackenzie predict total solar installations will grow to 336 GW in five years.
Ten year extension of tax credits in the Inflation Reduction Act provides long-term certainty for solar investments.
The IRA will reduce the solar levelized cost of electricity by 20-35% in 2030 than business as usual scenarios.
US solar installers are forecasted to install more than 215 gigawatts of solar panels in the next five years.
The new projection is a 40% increase over previous forecasts, which did not account for the Inflation Reduction Act’s tax credit expansion.
According to projections released by the Bureau of Labor Statistics, solar photovoltaic installer is expected to be the fifth fastest growing occupation from 2020 to 2030. The profession is projected to grow by 52%.
In 2021, utility solar and battery storage installations outpaced 2020 by a considerable margin, with solar installs increasing by 19% and storage by 196%.
From 2010 to 2020, solar saw an average annual growth rate of 42%, while the cost of solar installation fell by 70%.
The cost of building new solar energy developments has dropped by 90% in the past 10 years.
In 2021, the solar industry saw further growth, setting records for installed capacity, and residential and utility-scale solar installations.
In 2021, a record 23.6 GW of solar capacity was installed, a 19% increase over 2020.
Residential solar installations set an annual record of 4.2 GW in 2021. Residential solar also exceeded more than 500,000 projects installed in a year for the first time.
Utility-scale solar set an annual record in 2021, installing nearly 17 GW.
Despite this record growth, final utility-scale installations in 2021 were lower than projected due to supply chain constraints, logistics challenges, and trade headwinds. Multiple GW of projects pushed their online dates from 2021 to 2022 or later.
Project delays due interconnection challenges and supply chain constraints also limited growth in both community and commercial solar sectors in 2021.
Community solar volumes reached 957 MW, representing 7% year-over-year growth, while commercial solar volumes remained more or less steady from 2020 at 1,435 MW.
Solar accounted for 46% of all new electricity-generating capacity added in 2021, marking the third year in a row that solar represented the largest share of new capacity.
In 2021, 3.9% of all U.S. electricity generation came from solar.
Texas overtook California as the number one state for solar capacity additions for the first time, thanks to a strong year for utility solar in the state.
A December 2021 report from the Solar Energy Industries Association and Wood Mackenzie projected the industry will grow 25% lower than previously forecast in 2022. Lowered projections are due to supply chain constraints and rising costs for developers.
The solar industry has seen drastic cost increases beginning in Q2 of 2021, reaching 18% for fixed-tilt projects and 14.2% for single-axis tracking projects in Q4.
In 2021, solar manufacturers saw increased costs due to supply chain issues and elevated freight transportation prices.
During Q3 of 2021, costs rose across the utility, commercial and residential solar sectors for a second-straight quarter. In the utility and commercial segments, the year-over-year price increases were the highest since data tracking began in 2014.
While the solar industry suffered job losses in 2020 due to the COVID-19 pandemic, it broke records for the number of utility PV power purchase agreements, solar PV capacity installations, and total solar GW capacity installations:
A record of 16.5GW of new solar capacity was installed in 2020.
At the start of 2020, the solar energy sector employed over 345,000 Americans. At the end of 2020 the sector employed 316,675 Americans, a loss of nearly 29,000 jobs due to the COVID-19 pandemic.
In the last decade, U.S. solar has seen an average annual growth rate of 49% and the costs of solar installation have dropped by more than 70%.
By the end of 2020, there were more than 89 GW of solar capacity installed nationwide, enough to power 16 million homes.
Solar accounted for 43% of all new U.S. power generating capacity additions through Q3 2020, beating all other generation technologies.
In 2019, 40% of all new electric capacity came from solar, representing the largest such share in history.
A total of 9.5 GWdc of new utility PV power purchase agreements were announced in Q3 2020, bringing the contracted utility-scale solar pipeline to a record total of 69 GW.
A majority of these contracted projects are slated for completion before 2024.
U.S. solar companies installed 3.8GW of new solar PV capacity in Q3 2020, a 9% increase from Q2 2020.
The residential solar market, which was the hardest hit by COVID-19, beat recovery expectations in Q3, growing by 14% over Q2 2020.
The utility-scale market was the largest driver of Q3 installations with 2.7 GW of new capacity, representing 70% of all solar capacity brought online in Q3.
Sun Belt states lead the way on new capacity additions, with Texas and Florida having both installed more than 2GW through Q3 2020.
The U.S. solar sector was expected to install more than 19 GW in 2020, an increase of 43% compared to 2019’s 13.3 GW capacity installations. This increase surpassed the previous record of 11.2 GW installed in 2016.
The U.S. solar industry’s growth is projected to continue into 2022 and beyond:
In the first quarter of 2022, solar installations were up 11% compared to Q1 of 2021, marking the highest Q1 for solar installs on record.
Total solar capacity at the end of Q1 of 2022 was 5% higher than solar installed at the end of 2021.
The U.S. solar energy market is expected to grow 17.32% from 2020 through 2025.
Solar PV is expected to grow the fastest out of all renewable energy forms between 2020 and 2050.
Total installed solar PV capacity in the U.S. is projected to more than double over the next five years.
By 2025, more than 25% of all behind-the-meter solar systems will be combined with energy storage, compared to under 5% in 2019.
A November 2020 BloombergNEF report found 19 GW of hybrid solar-plus-storage projects are in the pipeline and are expected to come online in the U.S. by 2023. An additional 80 GW of projects are in interconnection queues.
A Wood Mackenzie report for the Solar Energy Industries Association projects U.S. solar capacity to more than triple from 120 GW installed in 2021 to 464 GW by 2032.
Solar power is currently the cheapest electricity source in 16 states, and is expected to be the cheapest in all U.S. states by 2030.
America’s solar energy resources — counting just utility-scale and rooftop PV — have the technical potential to produce 284 million GWh of electricity each year, equivalent to 78 times U.S. electricity use in 2020.
According to the International Energy Agency: “Renewables are set to account for almost 95% of the increase in global power capacity through 2026, with solar PV alone providing more than half.”
The U.S. is now on track to triple its solar manufacturing capacity by 2024, and expansions to domestic solar manufacturing capacity announced under the Biden administration will grow current capacity by 15 GW for a total of 22.5 GW by the end of his first term.
This is enough for more than 3.3 million homes to switch to clean solar energy every year.
Rooftop solar installations hit record highs in 2022 as households seek to mitigate impact of extreme weather and lower electricity prices.
Home electricity prices are forecast to rise 7.5% in 2022, driving consumers towards rooftop solar to avoid high prices.
Clean Energy Storage
Clean Energy Storage
In the first quarter of 2022, storage capacity installations were up by more than 170% compared to Q1 of 2021, with 758 MW of new storage capacity coming online.
Battery storage helped California avoid rolling blackouts this week during a record-breaking heat wave.
Record high battery discharge rates filled supply gaps during hours of peak demand.
Battery use is up 10% compared to 2020 in California.
2021 utility solar and battery storage installations outpaced 2020 by a considerable margin, with solar installs increasing by 19% and storage by 196%.
The $1.4 billion U.S. energy storage market has seen significant growth over the past decade.
The storage industry has been experiencing the most rapid growth of any clean power technology, with an average of an over 50% increase in installed capacity annually over the last decade.
In 2020, the U.S. had over 1.7 GW of battery energy storage. The nation’s battery storage capacity grew more than 18-fold from 2011 to 2020 and grew by 67% in 2020 alone.
Utility-scale battery energy storage system installations in the US grew 196% in 2021 but overall clean power installations fell 3%.
In 2021, utility energy storage tripled, growing by 196% to 2.6GW.
Utility-scale battery energy storage system (BESS) capacity quadrupled to 10.8 GWh by the end of 2021.
BESS accounts for 2% of the country’s total clean power capacity of 200GW, about double 2020’s percentage.
Over 1GW of large-scale BESS was brought online in Q4 alone, marking the largest amount in a single three-month period.
In 2020 alone, the energy storage industry broke records for storage installation and deployment, despite the economic impacts of the COVID-19 pandemic:
A record 1.2 GW of energy storage was installed in 2020.
In Q3 2020, energy storage deployments reached a staggering 476 MW, an increase of 240% over Q2 2020.
Approximately 1,338 MW/2,276 MWh of battery storage was grid-connected in 10 regions of the US at the end of Q3 2020. This represents a 41% increase from the 949 MW/1,823 MWh installed by the end of Q3 2019.
In Q3 2020, 764 MWh of energy storage was deployed, a 250% increase from Q2 2020 and more than double the previous record of 378 MWh in Q4 2018.
From 2010 to 2020, a surge in production of lithium-ion batteries has led to an 85% drop in prices, making electric vehicles and energy storage commercially viable.
By 2030, the energy storage market is expected to reach $7.5 billion annually thanks to falling costs and demand from state energy storage mandates:
The energy storage market is expected to grow to nearly 7.5 GW in 2025, six times the record 1.2 GW installed in 2020.
The energy storage market is projected to be a $7.3 billion annual market in 2025. It currently sits at $1.4 billion after crossing the $1 billion mark in 2020 despite the economic downturn from the COVID-19 pandemic.
UBS estimates that over the next ten years, energy storage costs will continue to fall between 66% and 80%, and the energy storage market could grow to as much as $426 billion worldwide.
According to a 2020 Department of Energy report, by 2030, the stationary and transportation energy storage markets are estimated to grow 2.5–4 terawatt-hours (TWh) annually, approximately three to five times the current 800-gigawatt-hour (GWh) global market.
S&P Platts Analytics projects U.S. energy storage will grow to 25.6 GW by 2025 and to 42.6 GW by 2030.
State energy storage mandates are expected to fuel the industry’s growth over the next decade.
A total 27 states currently have some form of battery storage policy in place – nine have moderate policies and six have aggressive policies with mandates for significant capacity additions over the next decade and beyond.
Arizona has a goal of 3 GW by 2030, California 1.8 GW, Nevada 1 GW, New Jersey 2 GW and New York 3 GW. Virginia holds a goal of 3.1 GW by 2035.
A November 2020 BloombergNEF report found 19 GW of hybrid solar-plus-storage projects are in the pipeline and are expected to come online in the U.S. by 2023. An additional 80 GW of projects are in interconnection queues.
Increased and expanded access to investment tax credits for batteries will turbocharge investments in energy storage.
Cost of storage systems is projected to decline 19% by 2031.
Global energy storage market predicted to grow 15-fold by 2030, according to a new BNEF report.
Energy storage installations will reach 411 gigawatts, a 13% increase from previous estimated capacity driven by the Inflation Reduction Act.
The IRA is projected to cause an additional 30 GW of energy storage in the U.S. between 2022 and 2030.
Electric Vehicles
Electric Vehicles
By June 2022, more than $700 million in private sector investments had been announced to manufacture more than 250,000 new EV chargers and create at least 2,000 jobs on an annual basis.
In June 2022, Electrify America announced a $450 million investment to support the rapid deployment of up to 10,000 ultra-fast chargers at 1,800 charging stations – more than the number of high-power chargers currently in the U.S.
Seimans invested more than $250 million in the U.S. in the first six months of 2022. The company is set to build one million EV chargers over the next four years, and has plans to expand its Grand Prairie, TX and Pomona, CA manufacturing site.
Automakers sold 6.6 million plug-in vehicles in 2021, more than double the 3 million sold in 2020, and more than triple the 2.2 million sold in 2019, according to the IEA.
The global EV market share jumped from 4.11% in 2020 to 8.57% in 2021.
Clean vehicle manufacturing jobs defied overall sector job loss patterns due to the COVID-19 pandemic and grew nearly 3% in 2020.
Electric and hybrid electric vehicle employment grew more than 6%, adding over 12,000 new jobs in 2020, the biggest increase of any clean energy category.
The electric vehicle (EV) market has grown in popularity among manufacturers and consumers as battery and manufacturing costs have fallen over the last decade:
Over the past decade, the use of electric vehicles has increased rapidly, with the global stock of electric passenger cars passing 5 million in 2018, a 63% increase from 2017.
In a 2020 market survey, 71% of U.S. drivers said they would consider buying an EV at some point in the future, and nearly a third said they would be interested in their next vehicle purchase being an EV.
Automakers have taken note – virtually all automakers now offer fully electric or hybrid car models.
Electric vehicles are already displacing more than 1 million barrels per day of oil demand (more than we previously imported from Russia), with potential to cut 21 million barrels of demand by mid-century.
Over the last ten years, a surge in production of lithium-ion batteries has led to an 85% drop in prices for battery packs used in electric vehicles, making EVs and energy storage commercially viable.
BloombergNEF’s 2020 battery price survey found prices for lithium-ion battery packs fell 13% from 2019.
The cost of around $156 per kilowatt-hour in 2019 represents an 85% decline from 2010′s $1,100 plus/kWh cost.
Electric vehicles now outpace consumer electronics in the demand for lithium. S&P Global Platts expects lithium demand from the transportation and power sectors to increase nearly threefold over the next five years.
In 2021, the sector saw strong growth despite the global chip shortage and increased costs for battery raw materials.
Globally, EV sales more than doubled in 2021 compared to 2020 sales and tripled that sold in 2019.
Sales of EVs reached 6.6 million in 2021, representing some 9% of the global car market.
In the U.S, sales of EV cars more than doubled to surpass half a million in 2021. EVs also doubled their market share to 4.5%.
The EV sector, as well as the entire car industry, faced increased prices for raw materials in 2021. The price of steel rose by as much as 100%, aluminum around 70%, and copper more than 33%.
The average price of batteries, however, did not see increases in 2020.
The popularity of EVs is expected to increase over the next two decades. As battery prices fall, EVs are expected to reach market price parity with traditional fuel-powered vehicles:
BloombergNEF predicts that by 2040 57% of new passenger car sales will be electric, bringing the total EV fleet to 30%.
By 2024, production efficiencies are set to make EV battery prices drop below the 2020 price of $100/kWh price.
Batteries prices below $100/kWh are considered an industry benchmark for EVs reaching price parity with internal combustion engine vehicles.
By 2025, an estimated 20% of global automobile sales will be EVs.
By 2030, up to 50% of global automobile sales will be EVs by 2030 – representing up 52% of the U.S., Japanese and Chinese markets, and 49% of Western European markets.
In December 2019, General Motors (GM) and LG Chem announced an investment of up to $2.3 billion by 2023 to produce battery cells for EVs at a production facility in Ohio.
Globally, about 370 EV models were available by 2020, a 40% increase from 2019. By 2022, BloombergNEF estimates there will be over 500 different EV models available globally.
By 2022, the number of battery electric (BEV) and plug-in hybrid (PHEV) models available to U.S. consumers will increase to at least 81.
In 2021, U.S. automakers General Motors Co., Ford Motor Co. and Chrysler announced plans for EVs to be 40% to 50% of all new vehicle sales 2030.
Dozens of pure battery electric vehicles (BEVs) are set to debut by the end of 2024.
In 2019, Ford unveiled its electric Mustang Mach-E as part of its $11 billion plan to develop 40 electric and hybrid models by 2022.
In March 2019, Volkswagen increased its EV goal from 50 to 70 new models by 2028.
In January 2021, GM announced plans to exclusively offer EVs by 2035. The company plans to release 30 new EVs by 2025 following a $27 billion investment in electric and autonomous vehicles.
Page updated
Report abuse